{"id":3151,"date":"2024-11-14T05:11:18","date_gmt":"2024-11-14T05:11:18","guid":{"rendered":"https:\/\/beadysword.com.ng\/blog\/?p=3151"},"modified":"2024-11-14T05:11:36","modified_gmt":"2024-11-14T05:11:36","slug":"nnpc-dangote-seals-10-years-gas-supply-deal","status":"publish","type":"post","link":"https:\/\/beadysword.com.ng\/blog\/2024\/11\/14\/nnpc-dangote-seals-10-years-gas-supply-deal\/","title":{"rendered":"NNPC, Dangote seals 10 years gas supply deal"},"content":{"rendered":"
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The Nigerian National Petroleum Company Limited (NNPC) through its subsidiary, NNPC Gas Marketing Limited (NGML) has signed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE.<\/p>\n
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The company, in a statement yesterday said the deal would see NGML supplying 100 million standard cubic feet of natural gas per day (MMSCF\/D) to the Dangote Refinery in Ibeju-Lekki, Lagos, for an initial period of 10 years.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Spokesman of the company, Olufemi Soneye said the agreement was signed on Tuesday at Dangote\u2019s Corporate Head Office in Lagos by NGML\u2019s Managing Director, Justin Ezeala, and Aliko Dangote, President and CEO of Dangote Group.<\/p>\n

He noted that the collaboration aims to provide a stable supply of natural gas to the Dangote Refinery, ensuring reliable power generation and feedstock supply, thereby advancing Nigeria\u2019s local production capacity and industrial growth.<\/p>\n

\u201cThis partnership is a major step toward actualizing President Bola Ahmed Tinubu\u2019s vision of leveraging Nigeria\u2019s vast gas resources to drive industrial growth and economic prosperity. The agreement marks a significant milestone for both parties and highlights NGML\u2019s commitment to delivering strategic gas projects across the country to enhance Nigeria\u2019s energy security,\u201d Ezeala said at the signing.<\/p>\n

Under the terms of the GSPA, NGML would deliver a firm supply of 50 MMSCF\/D of natural gas, with an additional 50 MMSCF\/D provided on an interruptible basis, meeting the refinery\u2019s high demands as it prepares to reach full operational capacity.<\/p>\n

The arrangement is noteworthy for its zero capital expenditure (CAPEX) outlay, a first for NGML or any local gas distribution company in Nigeria, making the deal a historic milestone, the statement added.<\/p>\n

The Dangote Refinery, one of the largest refineries in Africa, is expected to play a critical role in reducing Nigeria\u2019s dependence on imported fuel products, and the steady supply of natural gas from NNPC Ltd will be key to achieving this. The deal underscores both entities\u2019 commitment to boosting Nigeria\u2019s domestic gas utilization and supporting industrial and economic growth.<\/p>\n

Dangote said the partnership is essential to Nigeria\u2019s long-term energy security, adding that by sourcing energy needs locally, \u201cwe are contributing to the country\u2019s economic resilience and fostering the growth of Nigeria\u2019s industrial sector.\u201d<\/p>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Nigerian National Petroleum Company Limited (NNPC) through its subsidiary, NNPC Gas Marketing Limited (NGML) has signed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. The company, in...<\/p>\n","protected":false},"author":2,"featured_media":3152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=3151"}],"version-history":[{"count":1,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3151\/revisions"}],"predecessor-version":[{"id":3153,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3151\/revisions\/3153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media\/3152"}],"wp:attachment":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=3151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=3151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=3151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}